Clear Title Agency of Arizona

Mesa, AZ

Single-Family Homes

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Mesa, AZ

Fri Jul 01 2022
This week the median list price for Mesa, AZ is $550,000 with the market action index hovering around 83. This is less than last month's market action index of 92. Inventory has increased to 624. Click here to stay informed with the Mesa market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Mesa, AZ

Fri Jul 01 2022
This week the median list price for Mesa, AZ is $550,000 with the market action index hovering around 83. This is less than last month's market action index of 92. Inventory has increased to 624. Click here to stay informed with the Mesa market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Mesa market.
Median List Price $550,000
Median Price of New Listings $535,000
Per Square Foot $293
Average Days on Market 25
Median Days on Market 14
Price Decreased 48%
Price Increased 3%
Relisted 2%
Inventory 624
Median Rent
Market Action 83
Strong Seller's Market

Prices appear to be hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$850,000 3,108 0.25 - 0.5 acre 4 3 18 41 19 17
$612,000 2,151 8,000 - 10,000 sqft 4 2.5 21 54 21 14
$505,000 1,693 6,500 - 8,000 sqft 3 2 31 54 27 14
$400,000 1,385 6,500 - 8,000 sqft 3 2 49 56 36 14